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Reps. Jared Huffman, D-CA, and Colonel Paul Cook, R-CA

LEGISLATORS SUPPORT CU TAX STATUS updated
10/25/13 09:36 AMCongressional Freshman Send Letter
Eleven of 14 California freshman members of Congress have sent a letter to the California congressional leadership and the House Ways and Means Committee in support of credit unions' federal tax exemption.

Led by Reps. Jared Huffman, D-CA, and Colonel Paul Cook, R-CA, the letter praises the role credit unions provide to communities and justifies the credit union tax status.

"This is another example of how the California congressional delegation continues to show their strong support for credit unions," said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. "Support letters such as these help defend the credit union movement's tax status."

The House Ways and Means Committee, as well as the Senate Finance Committee, have been working on reforming the U.S. tax code.

"We continue to work diligently on your behalf, and we thank you, our members, for your continued support in this vital endeavor," Empol said.

THREE TOPICS SHAPING ‘GAC’ THIS YEARupdated
03/02/15 05:08 PMData Security Will Top GRR
Next week the Credit Union National Association’s 2015 Governmental Affairs Conference (GAC) will kick off in
Washington D.C.—a conference that, unlike others, is focused on bringing the credit union message to Congress and the
administration.

EVANGELICAL CHRISTIAN CU CEO RETIRINupdated
03/02/15 04:20 PMHolbrook Served For 36 Years
Evangelical Christian CU's Mark Holbrook will retire in May after 36 years as CEO. He is widely acknowledged for growing the 50-year-old institution to an alliance of more than 11,000 members and ministries in 130 countries.

CUs LEND UNIQUE VOICE TO NEWS MEDIAupdated
03/02/15 02:55 PMStories Garner Spotlight in CA, NV
Only two months into 2015, local news media across California and Nevada are highlighting credit unions’ positive impact
on their communities as the economy continues strengthening and the industry seeks how it can uniquely serve members.

VETERANS MBL BILL INTRODUCEDupdated
02/27/15 01:27 PMService Member Loans Exempt From Cap
This morning, Reps. Julia Brownley (D-CA) and Jeff Miller (R-FL) introduced H.R. 1133, legislation that will help the nation’s veterans establish themselves as small business entrepreneurs. With many service members already credit union members, this new bill would exempt small business loans issued to veterans from the member business lending (MBL) cap.

WINE AUCTION RAISES RECORD AMOUNTupdated
02/24/15 10:27 AMMore Than $1 Million for Children’s Hospitals
More than $1 million was raised for 11 Children’s Miracle Network Hospitals in California and Nevada during the annual Credit Unions for Kids Wine Auction last Friday night—a record amount in the event’s 10-year history.

CONGRESSMEN VISIT CA, NV CU LEADERSupdated
02/23/15 01:53 PMPlus, Nevada HOA Super Lien Update
Two members of Congress visited credit unions in California and Nevada last week during the President’s Day district
work period.

CO-OP TO BUY COVERA SOLUTIONS, INC.updated
02/13/15 02:11 PMEnters Agreement with NY CU Assoc.
California-based CO-OP Financial Services has signed a letter of intent with the New York Credit Union Association
(NYCUA) to purchase the association's subsidiary, Covera Solutions, Inc. The purchase is expected to be completed by
the end of
the first quarter. Covera provides 248 credit unions with credit, debit, ATM, and prepaid cards solutions.

CUs POST IMPRESSIVE GAINS IN 2014updated
02/09/15 10:20 AMMembership, Loan Portfolios Up
In 2014, the credit union industry experienced impressive membership and operational success, suggesting Americans are starting to recognize the value proposition of credit unions and are utilizing their products and services.

CEO TO TESTIFY ON BANKING COMMITTEEupdated
02/09/15 02:06 PMRegulatory Relief, MBL, Supplemental Capital
Wally Murray—chairman of the Nevada Credit Union League and CEO of Greater Nevada CU—will be testifying at a hearing before the U.S. Senate Banking Committee on regulatory relief for credit unions this coming Thursday morning.

NV LEADERS MEET WITH STATE LAWMAKERSupdated
02/09/15 01:33 PMHOA Lien Foreclosures Discussed
Delegates from credit unions throughout Nevada descended upon the state capitol in Carson City on Feb. 4 for the Nevada Credit Union League’s 2015 Government Relations Rally.

CATALYST: PARTICIPATIONS CLEAR 100Mupdated
02/06/15 11:55 AMCalifornia CUs Included in Deals
Since launching earlier in 2014, the Catalyst Corporate FCU loan participation program has helped 41 credit unions buy and sell more than $100 million in loans, closing five deals in less than one year.

LEAGUE OVERDRAFT SURVEY POSTEDupdated
02/05/15 11:38 AMView Results and Final Report
During CEO roundtable discussions last summer, it was decided the California and Nevada Credit Union Leagues must take a proactive approach regarding likely rulemaking by the Consumer Financial Protection Bureau (CFPB) on overdraft programs.

OIL'S DECLINE PUTS CUs ON THE ALERTupdated
02/04/15 02:09 PMCalifornia Members Face Varying Impact
Credit unions headquartered in the heart of California’s largest oil-producing counties are bracing for members in need of financial assistance as the recent spill in oil prices puts a dent in local commerce and employment.

RMJ CREATES NEW ADVISORY COMMITTEEupdated
02/03/15 09:19 AMPlus, Designation of Excellence for CUs
The Richard Myles Johnson (RMJ) Foundation has a new advisory committee that will provide advice, guidance, and active support of the Foundation’s initiatives, including Bite of Reality—a hands-on simulation program that teaches budgeting skills to young people.

WORLD COUNCIL YOUNG CU PEOPLEupdated
02/02/15 03:25 PMNominate a Professional Today
The World Council of Credit Unions is now accepting nominations for the World Council Young Credit Union People (WYCUP) scholarship program, an international networking and educational opportunity for promising credit union leaders.

CLARK COUNTY CU CEO TO RETIREupdated
01/29/15 10:54 AMWayne Tew Served 29 Years at CU
Clark County CU President/CEO and former Chairman of the Nevada Credit Union League Wayne Tew plans to retire this summer after 29 years with the credit union.